TED: How to live with economic doomsaying | Philipp Carlsson-Szlezak

The video discusses the frequent false alarms in economic forecasts, highlighting how public discourse often leans towards doomsaying. It explores the reasons behind this trend, including the role of economists, media, and public perception. The real costs of these false alarms are examined, particularly their impact on businesses and society. The speaker advocates for rational optimism, emphasizing the need to embrace uncertainty and avoid relying solely on economic models. The video concludes by encouraging viewers to adopt a rational approach to risk and to question pessimistic narratives.

What are the potential costs of false alarms in economic predictions according to the text?

What lessons can be learned from the economic predictions made during the COVID-19 pandemic?

What does the author mean by 'rational optimism'?

How does the author suggest we should approach news about the economy?